Latest RAAS report....

Latest RAAS report.
https://www.raasgroup.com/live/downloads/3dp/

Pointerra Ltd (ASX:3DP) provides a powerful cloud-based solution (Pointerra3D) for managing,
visualising, analysing, using and sharing massive 3D point clouds and datasets. Pointerra3D is a
proprietary digital twin SaaS platform which delivers predictive digital insights and definitive
answers to complex physical asset management questions. In an in-depth interview with RaaS
and at the company’s AGM, the company’s CEO Ian Olson highlighted that the company expected
to return to positive cashflows and EBITDA in H2 FY24 as a result of both the resumption of capex
spending by US energy utility clients and Pointerra’s expanded customer base across the
architecture, engineering and construction (AEC) sector, mining and oil and gas sectors and
infrastructure clients. The commentary comes after Pointerra reported late last month Q1 FY24
cash receipts of $2.05m, which was a 162% improvement on Q4 FY23 but down 40% on the
previous corresponding period (pcp). Operating cash outflow was a loss of $0.5m, which again
was an improvement on Q4 and in line with our expectations. Mr Olson noted that the company
had grown its cost base in anticipation of revenue growth from the US energy utility sector which
had been delayed. He highlighted that these programmes were now restarting and should deliver
a positive H2 FY24 and FY25 to Pointerra. We have tempered our H1 FY24 forecasts to reflect the
lower-than-expected cash receipts in Q1 and this has flowed through to our FY24 and FY25 results.
Our base case valuation is now $0.35/share (previously $0.38/share).